Announcement • May 23
Maruhachi Warehouse Company, Limited to Report Q2, 2026 Results on Jul 10, 2026 Maruhachi Warehouse Company, Limited announced that they will report Q2, 2026 results on Jul 10, 2026 Reported Earnings • Apr 11
First quarter 2026 earnings released: EPS: JP¥17.06 (vs JP¥17.06 in 1Q 2025) First quarter 2026 results: EPS: JP¥17.06 (in line with 1Q 2025). Revenue: JP¥1.25b (up 3.1% from 1Q 2025). Net income: JP¥101.0m (flat on 1Q 2025). Profit margin: 8.1% (down from 8.3% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 15% per year. Announcement • Apr 03
Maruhachi Warehouse Company, Limited to Report Q1, 2026 Results on Apr 10, 2026 Maruhachi Warehouse Company, Limited announced that they will report Q1, 2026 results on Apr 10, 2026 Reported Earnings • Mar 03
Full year 2025 earnings released: EPS: JP¥52.52 (vs JP¥152 in FY 2024) Full year 2025 results: EPS: JP¥52.52 (down from JP¥152 in FY 2024). Revenue: JP¥4.93b (down 1.2% from FY 2024). Net income: JP¥311.0m (down 66% from FY 2024). Profit margin: 6.3% (down from 18% in FY 2024). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. New Risk • Jan 10
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.3% Last year net profit margin: 18% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (6.3% net profit margin). Market cap is less than US$100m (JP¥6.19b market cap, or US$39.2m). Reported Earnings • Jan 10
Full year 2025 earnings released: EPS: JP¥52.52 (vs JP¥152 in FY 2024) Full year 2025 results: EPS: JP¥52.52 (down from JP¥152 in FY 2024). Revenue: JP¥4.93b (down 1.2% from FY 2024). Net income: JP¥311.0m (down 66% from FY 2024). Profit margin: 6.3% (down from 18% in FY 2024). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Announcement • Jan 09
Maruhachi Warehouse Company, Limited, Annual General Meeting, Feb 26, 2026 Maruhachi Warehouse Company, Limited, Annual General Meeting, Feb 26, 2026. Announcement • Nov 22
Maruhachi Warehouse Company, Limited to Report Fiscal Year 2025 Results on Jan 09, 2026 Maruhachi Warehouse Company, Limited announced that they will report fiscal year 2025 results on Jan 09, 2026 Upcoming Dividend • Nov 20
Upcoming dividend of JP¥24.00 per share Eligible shareholders must have bought the stock before 27 November 2025. Payment date: 02 March 2026. Payout ratio is a comfortable 14% but the company is not cash flow positive. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.1%). Reported Earnings • Oct 11
Third quarter 2025 earnings released: EPS: JP¥20.94 (vs JP¥19.08 in 3Q 2024) Third quarter 2025 results: EPS: JP¥20.94 (up from JP¥19.08 in 3Q 2024). Revenue: JP¥1.24b (flat on 3Q 2024). Net income: JP¥124.0m (up 9.7% from 3Q 2024). Profit margin: 10.0% (in line with 3Q 2024). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Announcement • Aug 26
Maruhachi Warehouse Company, Limited to Report Q3, 2025 Results on Oct 10, 2025 Maruhachi Warehouse Company, Limited announced that they will report Q3, 2025 results on Oct 10, 2025 New Risk • Jul 16
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.8% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (8.0% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Market cap is less than US$100m (JP¥5.15b market cap, or US$34.6m). New Risk • Jul 14
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 14% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (JP¥5.19b market cap, or US$35.2m). Reported Earnings • Jul 14
Second quarter 2025 earnings released: EPS: JP¥9.96 (vs JP¥17.23 in 2Q 2024) Second quarter 2025 results: EPS: JP¥9.96 (down from JP¥17.23 in 2Q 2024). Revenue: JP¥1.24b (down 1.0% from 2Q 2024). Net income: JP¥59.0m (down 42% from 2Q 2024). Profit margin: 4.7% (down from 8.1% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Announcement • May 23
Maruhachi Warehouse Company, Limited to Report Q2, 2025 Results on Jul 11, 2025 Maruhachi Warehouse Company, Limited announced that they will report Q2, 2025 results on Jul 11, 2025 Reported Earnings • Apr 12
First quarter 2025 earnings released: EPS: JP¥17.06 (vs JP¥17.40 in 1Q 2024) First quarter 2025 results: EPS: JP¥17.06 (down from JP¥17.40 in 1Q 2024). Revenue: JP¥1.21b (down 1.1% from 1Q 2024). Net income: JP¥101.0m (down 1.9% from 1Q 2024). Profit margin: 8.3% (down from 8.4% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 04
Full year 2024 earnings released: EPS: JP¥152 (vs JP¥69.58 in FY 2023) Full year 2024 results: EPS: JP¥152 (up from JP¥69.58 in FY 2023). Revenue: JP¥4.99b (flat on FY 2023). Net income: JP¥901.0m (up 119% from FY 2023). Profit margin: 18% (up from 8.3% in FY 2023). Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 9% per year. Buy Or Sell Opportunity • Feb 25
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 6.4% to JP¥796. The fair value is estimated to be JP¥996, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 12%. Announcement • Feb 21
Maruhachi Warehouse Company, Limited to Report Q1, 2025 Results on Apr 11, 2025 Maruhachi Warehouse Company, Limited announced that they will report Q1, 2025 results on Apr 11, 2025 Reported Earnings • Jan 15
Full year 2024 earnings released: EPS: JP¥152 (vs JP¥69.58 in FY 2023) Full year 2024 results: EPS: JP¥152 (up from JP¥69.58 in FY 2023). Revenue: JP¥4.99b (flat on FY 2023). Net income: JP¥901.0m (up 119% from FY 2023). Profit margin: 18% (up from 8.3% in FY 2023). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Jan 10
Maruhachi Warehouse Company, Limited, Annual General Meeting, Feb 27, 2025 Maruhachi Warehouse Company, Limited, Annual General Meeting, Feb 27, 2025. Buy Or Sell Opportunity • Dec 20
Now 20% overvalued Over the last 90 days, the stock has fallen 11% to JP¥789. The fair value is estimated to be JP¥656, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 4.0%. Announcement • Nov 27
Maruhachi Warehouse Company, Limited to Report Fiscal Year 2024 Results on Jan 10, 2025 Maruhachi Warehouse Company, Limited announced that they will report fiscal year 2024 results on Jan 10, 2025 Upcoming Dividend • Nov 21
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 28 November 2024. Payment date: 28 February 2025. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.0%). Reported Earnings • Oct 17
Third quarter 2024 earnings released: EPS: JP¥19.08 (vs JP¥19.76 in 3Q 2023) Third quarter 2024 results: EPS: JP¥19.08 (down from JP¥19.76 in 3Q 2023). Revenue: JP¥1.24b (flat on 3Q 2023). Net income: JP¥113.0m (down 3.4% from 3Q 2023). Profit margin: 9.1% (down from 9.4% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • Aug 24
Maruhachi Warehouse Company, Limited to Report Q3, 2024 Results on Oct 11, 2024 Maruhachi Warehouse Company, Limited announced that they will report Q3, 2024 results on Oct 11, 2024 Reported Earnings • Jul 08
Second quarter 2024 earnings released: EPS: JP¥17.23 (vs JP¥20.77 in 2Q 2023) Second quarter 2024 results: EPS: JP¥17.23 (down from JP¥20.77 in 2Q 2023). Revenue: JP¥1.26b (down 1.1% from 2Q 2023). Net income: JP¥102.0m (down 17% from 2Q 2023). Profit margin: 8.1% (down from 9.7% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • May 26
Maruhachi Warehouse Company, Limited to Report Q2, 2024 Results on Jul 05, 2024 Maruhachi Warehouse Company, Limited announced that they will report Q2, 2024 results on Jul 05, 2024 Reported Earnings • Apr 07
First quarter 2024 earnings released: EPS: JP¥17.40 (vs JP¥11.32 in 1Q 2023) First quarter 2024 results: EPS: JP¥17.40 (up from JP¥11.32 in 1Q 2023). Revenue: JP¥1.23b (flat on 1Q 2023). Net income: JP¥103.0m (up 54% from 1Q 2023). Profit margin: 8.4% (up from 5.5% in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • Feb 24
Maruhachi Warehouse Company, Limited to Report Q1, 2024 Results on Apr 05, 2024 Maruhachi Warehouse Company, Limited announced that they will report Q1, 2024 results on Apr 05, 2024 Reported Earnings • Jan 14
Full year 2023 earnings released: EPS: JP¥69.58 (vs JP¥60.47 in FY 2022) Full year 2023 results: EPS: JP¥69.58 (up from JP¥60.47 in FY 2022). Revenue: JP¥4.97b (up 4.4% from FY 2022). Net income: JP¥412.0m (up 14% from FY 2022). Profit margin: 8.3% (up from 7.6% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Announcement • Jan 14
Maruhachi Warehouse Company, Limited, Annual General Meeting, Feb 28, 2024 Maruhachi Warehouse Company, Limited, Annual General Meeting, Feb 28, 2024. Announcement • Nov 22
Maruhachi Warehouse Company, Limited to Report Fiscal Year 2023 Results on Jan 12, 2024 Maruhachi Warehouse Company, Limited announced that they will report fiscal year 2023 results on Jan 12, 2024 Upcoming Dividend • Nov 22
Upcoming dividend of JP¥16.00 per share at 2.3% yield Eligible shareholders must have bought the stock before 29 November 2023. Payment date: 26 February 2024. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (2.0%). Reported Earnings • Oct 07
Third quarter 2023 earnings released: EPS: JP¥19.76 (vs JP¥14.10 in 3Q 2022) Third quarter 2023 results: EPS: JP¥19.76 (up from JP¥14.10 in 3Q 2022). Revenue: JP¥1.24b (up 4.9% from 3Q 2022). Net income: JP¥117.0m (up 39% from 3Q 2022). Profit margin: 9.4% (up from 7.1% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Announcement • Aug 20
Maruhachi Warehouse Company, Limited to Report Q3, 2023 Results on Oct 06, 2023 Maruhachi Warehouse Company, Limited announced that they will report Q3, 2023 results on Oct 06, 2023 Reported Earnings • Jul 08
Second quarter 2023 earnings released: EPS: JP¥20.77 (vs JP¥12.92 in 2Q 2022) Second quarter 2023 results: EPS: JP¥20.77 (up from JP¥12.92 in 2Q 2022). Revenue: JP¥1.27b (up 5.8% from 2Q 2022). Net income: JP¥123.0m (up 60% from 2Q 2022). Profit margin: 9.7% (up from 6.4% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Announcement • May 20
Maruhachi Warehouse Company, Limited to Report Q2, 2023 Results on Jul 07, 2023 Maruhachi Warehouse Company, Limited announced that they will report Q2, 2023 results on Jul 07, 2023 Reported Earnings • Apr 08
First quarter 2023 earnings released: EPS: JP¥11.32 (vs JP¥18.12 in 1Q 2022) First quarter 2023 results: EPS: JP¥11.32 (down from JP¥18.12 in 1Q 2022). Revenue: JP¥1.23b (up 3.9% from 1Q 2022). Net income: JP¥67.0m (down 38% from 1Q 2022). Profit margin: 5.5% (down from 9.2% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Announcement • Feb 19
Maruhachi Warehouse Company, Limited to Report Q1, 2023 Results on Apr 07, 2023 Maruhachi Warehouse Company, Limited announced that they will report Q1, 2023 results on Apr 07, 2023 Announcement • Jan 15
Maruhachi Warehouse Company, Limited, Annual General Meeting, Feb 22, 2023 Maruhachi Warehouse Company, Limited, Annual General Meeting, Feb 22, 2023. Reported Earnings • Jan 14
Full year 2022 earnings released: EPS: JP¥60.47 (vs JP¥84.91 in FY 2021) Full year 2022 results: EPS: JP¥60.47 (down from JP¥84.91 in FY 2021). Revenue: JP¥4.76b (down 1.2% from FY 2021). Net income: JP¥360.0m (down 29% from FY 2021). Profit margin: 7.6% (down from 11% in FY 2021). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 5% per year. Announcement • Nov 24
Maruhachi Warehouse Company, Limited to Report Fiscal Year 2022 Results on Jan 13, 2023 Maruhachi Warehouse Company, Limited announced that they will report fiscal year 2022 results on Jan 13, 2023 Upcoming Dividend • Nov 22
Upcoming dividend of JP¥16.00 per share Eligible shareholders must have bought the stock before 29 November 2022. Payment date: 28 February 2023. Payout ratio is a comfortable 25% but the company is not cash flow positive. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (2.3%). Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. 3 highly experienced directors. 1 independent director (8 non-independent directors). External Auditor Kunikazu Sonoda was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 09
Third quarter 2022 earnings released: EPS: JP¥14.10 (vs JP¥20.64 in 3Q 2021) Third quarter 2022 results: EPS: JP¥14.10 (down from JP¥20.64 in 3Q 2021). Revenue: JP¥1.18b (down 2.4% from 3Q 2021). Net income: JP¥84.0m (down 32% from 3Q 2021). Profit margin: 7.1% (down from 10% in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 4% per year. Announcement • Oct 08
Maruhachi Warehouse Company, Limited (TSE:9313) announces an Equity Buyback for 38,000 shares, representing 0.64% for ¥24.4 million. Maruhachi Warehouse Company, Limited (TSE:9313) announces a share repurchase program. Under the program, the company will repurchase 38,000 shares, representing 0.64% of the outstanding shares, for ¥24.4 million. The shares will be repurchased at a price of ¥642 per share. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment. As of September 30, 2022, the company had 5,959,194 shares outstanding and 1,340,806 shares in treasury. Announcement • Aug 25
Maruhachi Warehouse Company, Limited to Report Q3, 2022 Results on Oct 07, 2022 Maruhachi Warehouse Company, Limited announced that they will report Q3, 2022 results on Oct 07, 2022 Reported Earnings • Jul 10
Second quarter 2022 earnings released: EPS: JP¥12.92 (vs JP¥22.82 in 2Q 2021) Second quarter 2022 results: EPS: JP¥12.92 (down from JP¥22.82 in 2Q 2021). Revenue: JP¥1.20b (flat on 2Q 2021). Net income: JP¥77.0m (down 43% from 2Q 2021). Profit margin: 6.4% (down from 11% in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 3% per year. Announcement • May 20
Maruhachi Warehouse Company, Limited to Report Q2, 2022 Results on Jul 08, 2022 Maruhachi Warehouse Company, Limited announced that they will report Q2, 2022 results on Jul 08, 2022 Board Change • Apr 28
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. 3 highly experienced directors. 1 independent director (8 non-independent directors). External Auditor Kunikazu Sonoda was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Apr 10
First quarter 2022 earnings released: EPS: JP¥18.12 (vs JP¥21.31 in 1Q 2021) First quarter 2022 results: EPS: JP¥18.12 (down from JP¥21.31 in 1Q 2021). Revenue: JP¥1.18b (down 3.2% from 1Q 2021). Net income: JP¥108.0m (down 15% from 1Q 2021). Profit margin: 9.2% (down from 10% in 1Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has fallen by 3% per year. Announcement • Apr 08
Maruhachi Warehouse Company, Limited to Report Q1, 2022 Results on Apr 08, 2022 Maruhachi Warehouse Company, Limited announced that they will report Q1, 2022 results on Apr 08, 2022 Reported Earnings • Mar 03
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: JP¥84.91 (up from JP¥79.54 in FY 2020). Revenue: JP¥4.82b (down 1.9% from FY 2020). Net income: JP¥506.0m (up 6.8% from FY 2020). Profit margin: 11% (in line with FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • Jan 13
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: JP¥84.91 (up from JP¥79.54 in FY 2020). Revenue: JP¥4.82b (down 1.9% from FY 2020). Net income: JP¥506.0m (up 6.8% from FY 2020). Profit margin: 11% (in line with FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Upcoming Dividend • Nov 22
Upcoming dividend of JP¥16.00 per share Eligible shareholders must have bought the stock before 29 November 2021. Payment date: 26 February 2022. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.2%). In line with average of industry peers (2.0%). Reported Earnings • Oct 12
Third quarter 2021 earnings released: EPS JP¥20.64 (vs JP¥24.16 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥1.21b (down 2.7% from 3Q 2020). Net income: JP¥123.0m (down 15% from 3Q 2020). Profit margin: 10% (down from 12% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Jul 11
Second quarter 2021 earnings released: EPS JP¥22.82 (vs JP¥22.15 in 2Q 2020) The company reported a decent second quarter result with improved earnings, although revenues and profit margins were flat. Second quarter 2021 results: Revenue: JP¥1.20b (flat on 2Q 2020). Net income: JP¥136.0m (up 3.0% from 2Q 2020). Profit margin: 11% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 13
First quarter 2021 earnings released: EPS JP¥21.31 (vs JP¥20.31 in 1Q 2020) The company reported a mediocre first quarter result with weaker revenues, although profit margins were flat and earnings improved. First quarter 2021 results: Revenue: JP¥1.22b (down 1.1% from 1Q 2020). Net income: JP¥127.0m (up 5.0% from 1Q 2020). Profit margin: 10% (in line with 1Q 2020). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 03
Full year 2020 earnings released: EPS JP¥79.54 (vs JP¥74.74 in FY 2019) The company reported a mediocre full year result with weaker revenues, although profit margins were flat and earnings improved. Full year 2020 results: Revenue: JP¥4.92b (down 2.4% from FY 2019). Net income: JP¥474.0m (up 8.5% from FY 2019). Profit margin: 9.6% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Feb 27
Maruhachi Warehouse Company, Limited to Report Q1, 2021 Results on Apr 09, 2021 Maruhachi Warehouse Company, Limited announced that they will report Q1, 2021 results on Apr 09, 2021 Is New 90 Day High Low • Feb 10
New 90-day high: JP¥780 The company is up 9.0% from its price of JP¥715 on 12 November 2020. The Japanese market is up 11% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Commercial Services industry, which is up 5.0% over the same period. Announcement • Jan 12
Maruhachi Warehouse Company, Limited, Annual General Meeting, Feb 25, 2021 Maruhachi Warehouse Company, Limited, Annual General Meeting, Feb 25, 2021. Is New 90 Day High Low • Jan 12
New 90-day high: JP¥747 The company is up 2.0% from its price of JP¥734 on 14 October 2020. The Japanese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is up 4.0% over the same period. Reported Earnings • Jan 09
Full year 2020 earnings released: EPS JP¥79.54 The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: JP¥4.92b (down 2.4% from FY 2019). Net income: JP¥474.0m (up 8.5% from FY 2019). Profit margin: 9.6% (up from 8.7% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Aug 31
Maruhachi Warehouse Company, Limited to Report Q3, 2020 Results on Oct 09, 2020 Maruhachi Warehouse Company, Limited announced that they will report Q3, 2020 results on Oct 09, 2020 
